Landstar System, Inc. (NASDAQ:LSTR) Given Consensus Rating of "Hold" by Brokerages

Shares of Landstar System, Inc. (NASDAQ:LSTR - Get Free Report) have earned a consensus recommendation of "Hold" from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $183.91.

A number of research firms have issued reports on LSTR. Stifel Nicolaus decreased their target price on Landstar System from $166.00 to $164.00 and set a "hold" rating for the company in a research report on Monday. Wells Fargo & Company upped their target price on Landstar System from $165.00 to $180.00 and gave the stock an "equal weight" rating in a report on Friday, February 2nd. UBS Group upped their price target on Landstar System from $175.00 to $200.00 and gave the stock a "neutral" rating in a research note on Friday, February 2nd. Susquehanna cut their price target on Landstar System from $165.00 to $160.00 and set a "neutral" rating on the stock in a research note on Friday. Finally, Wolfe Research raised Landstar System from a "peer perform" rating to an "outperform" rating and set a $205.00 price objective on the stock in a research report on Wednesday, January 10th.

Landstar System Trading Down 1.6 %

NASDAQ LSTR traded down $2.82 during trading hours on Tuesday, hitting $174.41. 295,636 shares of the company's stock were exchanged, compared to its average volume of 277,062. The stock has a 50-day simple moving average of $183.99 and a 200 day simple moving average of $183.53. Landstar System has a 1-year low of $161.13 and a 1-year high of $208.62. The firm has a market cap of $6.24 billion, a price-to-earnings ratio of 26.83, a PEG ratio of 4.69 and a beta of 0.83. The company has a current ratio of 2.22, a quick ratio of 2.00 and a debt-to-equity ratio of 0.04.

Landstar System (NASDAQ:LSTR - Get Free Report) last posted its earnings results on Wednesday, April 24th. The transportation company reported $1.32 earnings per share for the quarter, beating analysts' consensus estimates of $1.28 by $0.04. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.12 billion. Landstar System had a return on equity of 23.11% and a net margin of 4.63%. On average, equities analysts forecast that Landstar System will post 6.69 EPS for the current fiscal year.

Landstar System Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Wednesday, May 8th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Tuesday, May 7th. Landstar System's dividend payout ratio (DPR) is 20.31%.

Insider Buying and Selling

In other news, VP Michael K. Kneller sold 12,219 shares of the firm's stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $190.30, for a total value of $2,325,275.70. Following the completion of the transaction, the vice president now owns 61,127 shares of the company's stock, valued at $11,632,468.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.75% of the stock is owned by company insiders.

Institutional Investors Weigh In On Landstar System

Several institutional investors have recently made changes to their positions in the stock. Mariner LLC lifted its holdings in Landstar System by 0.9% in the 3rd quarter. Mariner LLC now owns 9,448 shares of the transportation company's stock valued at $1,672,000 after purchasing an additional 87 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in shares of Landstar System by 4.3% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 277,741 shares of the transportation company's stock valued at $53,784,000 after acquiring an additional 11,370 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Landstar System by 6.3% during the 3rd quarter. Royal Bank of Canada now owns 335,747 shares of the transportation company's stock valued at $59,407,000 after acquiring an additional 19,920 shares during the last quarter. Qube Research & Technologies Ltd increased its stake in shares of Landstar System by 63.3% during the 3rd quarter. Qube Research & Technologies Ltd now owns 205,239 shares of the transportation company's stock valued at $36,315,000 after acquiring an additional 79,536 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Landstar System during the 3rd quarter worth approximately $630,000. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

Landstar System Company Profile

Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. It operates through two segments: Transportation Logistics and Insurance. The Transportation Logistics segment offers a range of transportation services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, such as third party logistics and less-than-truckload services.